Doosan Heavy to spend $605 mln more on clean energy

SEOUL, Nov 16 (Reuters) - South Korean power plant and equipment maker Doosan Heavy Industries & Construction (034020.KS) will invest an additional 700 billion won ($605.4 million) in clean energy by 2013, company executives said.

In 2015, Doosan Heavy aims to generate about 1 trillion won in sales, or 10 percent of its power generation unit's revenue, from clean energy. It has already spent some 300 billion won in the area since 2004.

The power equipment industry has seen the financial crisis delay or suspend several power plant projects, but Doosan Heavy expected the market to see a recovery in new orders from the second quarter of next year.

The company expects to win five to six new orders for nuclear power plant equipment in the United States and China in 2010. ($1=1156.3 Won) (Reporting by Rhee So-eui; Editing by Jonathan Hopfner)